A discount brokerage is a business that charges clients significantly lower fees than a traditional brokerage firm but without providing financial advice. In the securities industry, a brokerage helps clients buy and sell securities on an appropriate exchange. Discount brokerages usually allow their clients to trade for their own account with little or no action with a live broker. Typically, discount brokers provide advanced electronic trading platforms which may be appealing to frequent and active traders but may deter some novice investors.
All brokerage firms, including discount brokerage and full-service discount brokerage are regulated in the same way and are licensed by each country's financial regulatory authority. In the real estate industry, a discount brokerage helps clients buy and sell real estate properties, often listed on the MLS. Discount brokers in the financial services sector provide insurance products, such as life insurance and car insurance, on a discounted basis.


BMO InvestorLine continues to dominate the Canadian Online Discount Brokerage landscape according to Surviscor's 2015 Online Discount Brokerage scorCard Review. Surviscor produces seasonal feature and functionality audits, including its prominent Online and Mobile Banking and Online and Mobile Discount Brokerage scorCards. Banks, insurance companies, discount brokerage firms and asset managers have been clamoring for higher interest rates as the widening spread between short and long-term rates bolster profits for them.
Before the advent of discount brokers it used to be that only the wealthy could afford a broker and access to the stock market. In addition some brokers offer no-commission trades to their clients that hold a balance greater than a specific amount with them. Discount brokers typically do not provide financial advice or guidance and provide instead a service aimed at self-directed investors.
The growth of discount real estate brokers has caused considerable concern with their full-service, full-fee competitors.


The main difference they present to a typical insurance broker is that they work on a lower commission basis, and as such are often cheaper.[2] Instead of commission they charge one-off fees for their services, but do not provide financial advice.
2, 2015) - BMO InvestorLine continues to dominate the Canadian Online Discount Brokerage landscape according to Surviscor's 2015 Online Discount Brokerage scorCard Review. However the development of internet and electronic trading helped to develop discount brokers, which allow investors to trade for much smaller fees.
Traditional brokers in contrast will often provide financial advice and investment planning as well as related wealth management services.



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